Question

Larry and Peggy are making decisions on their bank accounts. Larry wants to put the original money in an account with a higher interest rate. Peggy wants to put more money in as a principle amount because the more you start with, the more interest you will gain. Explain which method will result in more money.

Answer 1

@wolf1728

Answer 2

I'd say without actual numbers (interest rates, principal amounts) it is hard to make any comparisons

Answer 3

Not to plug my website again but there is an interest calculator here:
http://www.1728.org/compint.htm

Answer 4

It's a cool calculator c: I like symbolab c: okay I have one more c:

Answer 5

Okay go ahead and post it